Law

The Fast Ticking Time Bomb in South African Mines

Article Abstract:

In July of 1982, when black miners in South Africa reacted violently to a wage increase announced by the Chamber of Mines, they were actually protesting the absence of a structure for bargaining between themselves and management. The National Union of Mineworkers (NUM) began to speak on behalf of the black mineworkers, but were not totally successful. Relations between the NUM, Chamber of Mines and the South African government are analyzed. Although the black mineworkers are a force now, it is uncertain how negotiations will go this summer.

The Decline and Fall of the Diamond Cartel

Article Abstract:

De Beers of South Africa, is the major supplier of diamonds for the world. At present, the company's profits are down. Demand and prices sharply declined for investment size diamonds. This market decline began in 1981. De Beers is compensating for the losses in its investment market by focusing upon women's jewelry uses. The cartel was hurt by the Russian Siberian diamond mines and the Australian diamond mines in Western Australia. De Beers will survive the loss of its powerful diamond cartel because it is a diversified company.

Big Copper Busts the Unions

Article Abstract:

Business in copper in the United States is down. Unionized copper workers wanted their cost-of-living adjustment (COLA) to be continued. Contracts at Phelps Dodge were up for renewal. The company wanted wage cuts for new workers and benefit concessions. The unions struck under the leadership of the United Steelworkers of America. There are no winners at Phelps Dodge. Copper prices and the market are down. Union leadership has eroded, and the industry is still unhealthy.